MOBILE PAYMENTS

April Data for the number and value of mobile money payments showed an unprecedented drop in both the volume and value of transactions carried out through mobile money services between March and April 2020.

The number of transactions declined 17% whilst the value of transactions declined 16%

This level of month on month decline has never been seen in mobile money usage before

The data for May shows a significant recovery in these figures with the value of transactions returning to their February levels and the number of transactions increasing nearly 9% from their April low.